TTK
07/05/2015 09:02
GENERAL
PRICE SENSITIVE
REL: 0902 HRS TeamTalk Limited
GENERAL: TTK: TeamTalk Updates Market
Media release
For immediate release
7 May 2015
TeamTalk Updates Market
In response to shareholder enquiries NZX-listed telco TeamTalk Limited
provides the following update on its activities.
We can confirm that we are on track to meet the guidance that we provided in
our interim result on 25 February. At that time we stated that we expected
EBITDA for the second half of the year to be a bit ahead of the $6.0 million
earned in the first half although not up to the $8.0 million level of the
second half of last year.
We have also previously advised shareholders that our three year banking
facility is scheduled to expire on 31 December 2015 and that we planned to
refinance for a new term prior to June 30. We are currently progressing the
refinancing and we wholly expect to be in a position to announce a successful
outcome to those negotiations prior to financial year end.
"At an operating level we continue to make good progress in a competitive
market. In particular Farmside's much improved Sales & Marketing function is
enabling it to get on the front foot and to take advantage of the new
products the company has recently launched. While these initiatives may take
a bit of time to show up in the results they're a good sign that we continue
to move ahead with confidence" says TeamTalk Managing Director David Ware.
-----------ENDS----------
For more information please contact
David Ware, TeamTalk
0800 101-900
End CA:00264028 For:TTK Type:GENERAL Time:2015-05-07 09:02:48
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
